QUOTE(Esot3ric @ Mar 13 2020, 01:52 PM)
Thanks, was not aware of this company. Will check it out. Anyone tried Ameritrade or E Trade? I am looking for account that is relatively easy to open (fully online, few days can settle), no inactivity or annual fees, reasonable commission charges, good web and app interface, some learning materials (I am a beginner). The main purpose of the account would be for value investing in US stocks and a bit of index funds. Is IBKR the best option for us Malaysians currently?
Is all dividend gains from US stocks 30% taxed regardless of your online broker service?
Easiest and cheapest is the one I mentioned. There is a thread in Lowyat.
https://forum.lowyat.net/topic/4843925You can even buy European stocks.
QUOTE(Esot3ric @ Mar 13 2020, 01:52 PM)
Is all dividend gains from US stocks 30% taxed regardless of your online broker service?
US stocks and ETF dividends are taxed at 30% since Malaysia doesn't have tax treaty.
However, you can buy US ETFs domiciled in Ireland and only be subjected to 15% Withholding Tax.
Example: QQQ is US ETF. EQQQ is US ETF denominated in EUR and domiciled in Ireland. QQQ and EQQQ hold the same basket of stocks.